FxWirePro: CAD/JPY faces strong resistance at 86.10, good to sell on rallies

• Major resistance- 86.10 (Weekly Kijun-Sen)
   
• Major support – 84.50 (55 day 4H EMA)
   
• The pair has made a high of 85.71 and started to decline from that level. It is currently trading around 85.02.
   
• Potential upside is limited by Weekly Kijun-Sen around 86.10 level.  Any further bullishness can be seen only above 86.10 level. Any break above 86.10 will take the pair to next level  86.61/87.17.
   
• On the lower side major support is around 84.65 and break below targets 84/83.70/83.25.
   
• Overall bearish invalidation only above 87.20 level.

 It is good to sell on rallies around 85.15-20 with SL around 86.10 for the TP of 84/83.70/83.25